Unintended Consequences: ACA’s Negative Impact on Workers
Deroyal Industries is a manufacturer of a wide variety of medical devices. They have over 2000 employees in 26 states and 5 countries. According to their President/COO, both the company and its employees will be negatively impacted by the ACA’s new tax on medical devices (h/t).
July 12, 2012
The medical device tax constitutes the largest cost increase DeRoyal has experienced in its 40-year history. We are working to mitigate this impact in a number of ways from both a revenue and cost perspective. Even in the face of this challenge we are doing everything within our power to preserve US jobs in this incredibly difficult economic environment.
Bill Pittman, President & COO